Zacks Industry Outlook Highlights: Verizon Communications, AT&T, Sprint Nextel, MetroPCS Communications and Leap Wireless

   Zacks Industry Outlook Highlights: Verizon Communications, AT&T, Sprint
       Nextel, MetroPCS Communications and Leap Wireless International

PR Newswire

CHICAGO, June 14, 2012

CHICAGO, June 14, 2012 /PRNewswire/ -- Today, Zacks Equity Research discusses
the U.S. Telecom, including Verizon Communications (NYSE:VZ), AT&T (NYSE:T),
Sprint Nextel (NYSE:S), MetroPCS Communications Inc. (NYSE:PCS) and Leap
Wireless International Inc. (Nasdaq:LEAP).

(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)

A synopsis of today's Industry Outlook is presented below. The full article
can be read at  

http://www.zacks.com/stock/news/76974/telecom-stock-outlook-june-2012

The telecommunications Industry is identified as a major driver of global
economic recovery. An unprecedented growth of high-speed mobile Internet
traffic, particularly for wireless data and video, has transformed the
industry into the most evolving, inventive and keenly contested industry.

In addition, the emergence of mobile broadband technology has created several
new service areas, which potentially offers huge growth potential. This
includes IPTV, collaboration and cloud computing, videoconferencing and mobile
payment, to name a few. Research firm Ovum recently reported that global
revenue of telecom service providers exceeded $1.91 trillion in 2011, an
improvement of 6.7% year over year. The momentum is expected to remain high in
2012.

Recent Performance

The U.S. telecommunications industry is witnessing consistent growth despite
experiencing a slow moving U.S. economy. This is evident from the stock price
movement of the large nationwide carriers. Year to date, the stock price of
Verizon Communications (NYSE:VZ) was up 9.64%, the stock price of AT&T
(NYSE:T) up 17.04%, and that of Sprint Nextel (NYSE:S) was up 27.35%. However,
during the same time period, the benchmark S&P 500 index was marginally up by
3.81%. 

Most of the large national telecom service providers together with the
regional prepaid telecom operators generated net subscriber addition in the
first quarter of 2012. Verizon Wireless added 501,000 post-paid subscribers
out of total net addition of 734,000. AT&T Inc. added a net 187,000 post-paid
subscribers out of total net addition of 726,000. Sprint Nextel Corp. gained a
net 263,000 postpaid subscribers out of total net addition of 1.1 million.
MetroPCS Communications Inc. (NYSE:PCS) and Leap Wireless International Inc.
(Nasdaq:LEAP) added net 131,654 and 258,000 wireless subscribers,
respectively, in the previous quarter. 

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